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/biz/ - Business & Finance

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49323702 No.49323702 [Reply] [Original]

>Biden Administration considering proposal to tax oil and gas windfall profits

>> No.49323714

>>49323702
based

>> No.49323720

baste

>> No.49323723

again?

>> No.49323815

This will literally cause prices to go up again holy shit make it stop.

>> No.49323849

>>49323702
fuck shitmericans

>> No.49323917

>>49323702
didn’t know the president has the power to tax specific industries on a whim. always thought congress was in charge of taxes. weird

>> No.49323942

>"considering"
>"proposal"
Not happening unless the senate decides it wants to.

>> No.49323948
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49323948

NEVER BEEN MORE BULLISH IN MY LIFE

>> No.49324008
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49324008

>Taxing a product to stop its price from rising

>> No.49324104

>>49323702
good
fuck off
you think im gonna defend massive oil conglomerates? i got better things to do

>> No.49324124

>>49323942
sheev wouldn't do this to us

>> No.49324154

>>49323815
>>49324008
or maybe they will be forced to accept reduced profits, because increasing the consumer price too much reduces sales. hope this helps

>> No.49324184

>>49324154
https://www.youtube.com/watch?v=wfJ6Uvn41eg

>> No.49324384

>>49324154
No you fucking mouthbreather, without subsidies fracking only becomes profitable at 7 dollars a gallon. The practice of subsidies to keep gas low was what kept prices low under Trump, you are so fucking unbelievably retarded to not understand that this will impact ALL prices because gas will continue rising and possibly rise past 7 bucks in order to recoup costs which will cause the prices of everything else to rise.

The answer has never been to make it harder to produce oil, you fucking absolute loon. Die in a fucking ditch.

>> No.49324641

>>49324384
Duh. This is the part where the last generation of virtue signaling about needing to do something about climate change stops being a choice for people to make and starts getting enforced top-down. Chiefly by making oil and oil products more expensive to price-out their usage in anything but industry where needed where a cheaper alternative can not be found. Nobody cares if people mald about it, there will be a number of distractions to keep them busy like there already are, and nothing anyone can do will stop it.

>> No.49324858

>>49324641
>This person is allowed to vote

>> No.49324900

>>49324641
Thats it, when society starts to collapse, I’m going to start killing drivers of electric vehicles, priuses and nissan altimas.

>> No.49324922

>>49324154
oil is an inelastic good, you fucking retard

>> No.49325000

>>49324858
I hate it far more than you do but the writing is on the wall. Don't kill the messenger.
>>49324900
You watch. In a decade the only people driving internal-combustion engined vehicles will be the very rich. Banning shit outright gets people heemed, doing the slow boil method and raising prices to the point that only the very wealthy with something to lose can take part in it is a tale as old as time. Same thing happened with all the fun guns, same thing happened with real estate and land, it's happening to vehicles next.